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The Independent UK

Technology

Alex Woodward

Google announces mass layoffs amid tech slump. Read the CEO’s full memo on the cuts

Google Sundar Pichai Alphabet

Reuters

Google‘s parent company is laying off roughly 12,000 people, marking the latest major tech firm to cut staff amid corporate concerns about inflation and global economic downtowns after rapid expansions and record-breaking profits.

CEO Sundar Pichai announced cuts in an email to staff on Friday, which was shared in a company blog post pointing to a “different economic reality” than one that parent company Alphabet had initially anticipated over a period of “dramatic” growth. The cuts mark the largest-ever within the company thus far.

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